News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
More View more
Real Time News
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:
  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:
  • Will the Swiss Franc find reprieve after recent losses against the Canadian and New Zealand Dollars as NZD/CHF and CAD/CHF uptrends face key chart barriers? Find out from @FxWestwater here:
  • The Australian Dollar may be at risk of losses against the New Zealand Dollar after an unexpectedly high NZ inflation reading sent AUD/NZD towards challenging short-term rising trend support. Get your $AUD market update from @ddubrovskyFX here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
Litecoin Price Nears Important Chart Levels

Litecoin Price Nears Important Chart Levels

Nick Cawley, Strategist

Litecoin Price (LTC) News and Talking Points

- LitePay launch cancelled due to ‘recent hostile actions by card issuers’.

- Litecoin chart highlights a sharp move ahead.

Litecoin (LTC) Price Hit by LitePay Postponement

The highly anticipated LitePay credit card launch was postponed early this week, according to a company email, stalling the recent sharp rise in the fifth-largest digital token. The announcement early this month of the credit card had helped to boost the price of LTC in excess of 60% as buyers took control of the market. According to media reports, the customer email stated that “Due to recent hostile actions by card issuers towards crypto companies, we have decided that offering LitePay card registrations at this time is imprudent.” The email added that the company will continue to monitor the situation with regards to card services and will open registration “as soon as a reliable product can be supported.”On the vendor/merchant side, the launch of LitePay Merchant went ahead as scheduled.

Litecoin Chart Nears Point of Conflict

The latest LTC chart shows the price heading back to the 50% Fibonacci retracement level at $210 with the recent uptrend line just below at $203. A break and close below could open the way to the February 23 low at $181 and the 61.8% retracement level at $173, which should provide decent support for the digital coin. A break above the recent downtrend line, currently around $237, would open the way to $248, before the February 20 high of $253 comes into play. Either way, with the downtrend and uptrend lines joining soon and with important Fibonacci technical levels in play, a sharp move either way cannot be discounted.

If you would like further information on how to use Fibonacci as a Leading Indicator, go to the ‘Advance Level’ section in our DailyFX Education Centre and download our free trading guides.

We will be discussing Litecoin in further detail today at 12:00pm in our Weekly Cryptocurrency Webinar.

Litecoin Price Chart Daily Time Frame (October 10, 2017 – February 19, 2018)

Litecoin Price Nears Important Chart Levels

Cryptocurrency Trader Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash or Ethereum we can offer you a wide range of free resources to help you. We have an Introduction to Bitcoin Trading Guide along with a Free Practice Account. In addition we run a Weekly Bitcoin Webinar and have an IG Bitcoin Sentiment Indicator to help you gauge the market and make more informed trading decisions.

What’s your opinion on Litecoin and the latest hard fork? Share your thoughts with us using the comments section at the end of the article or you can contact the author via email at or via Twitter @nickcawley1.

--- Written by Nick Cawley, Analyst.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.